Gul Ahmed Textile Mills Limited announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced sales was PKR 14,722.054 million compared to PKR 14,089.389 million a year ago. Operating income was PKR 240.757 million compared to PKR 1,254.616 million a year ago. Net loss was PKR 452.680 million compared to net income of PKR 654.853 million a year ago. Basic loss per share was PKR 1.06 compared to basic earnings per share of PKR 1.53 a year ago. For the nine months, sales was PKR 46,553.226 million compared to PKR 41,579.822 million a year ago. Operating income was PKR 2,453.880 million compared to PKR 4,071.117 million a year ago. Net income was PKR 616.650 million compared to PKR 2,792.434 million a year ago. Basic earnings per share was PKR 1.44 compared to PKR 6.53 a year ago.